1. Tabulate the portfolio value and graph BOTH the value and Payoff for the following portfolio: Long July Call E = $65. Cas = $3.50 and Short July Call E = $75 C75 = $1.50 2. Applying the Put-Call Parity, Create a synthetic Put E = 20.5 = $87, C = $2.50, RF = 1.5%, t = 90 days a. b. If the Put is trading at $6, does an arbitrage opportunity exist? If so how would you take advantage? Calculate the arbitrage profit